Cleveland-Cliffs (CLF) Ascends While Market Falls: Some Facts to Note

Company Performance - Cleveland-Cliffs (CLF) closed at $11.98, reflecting a +1.1% change from the previous trading day's close, outperforming the S&P 500's daily loss of 0.43% [1] - Over the past month, shares of Cleveland-Cliffs have gained 21.91%, significantly surpassing the Basic Materials sector's gain of 3.69% and the S&P 500's gain of 2.6% [1] Earnings Forecast - Cleveland-Cliffs is expected to release its earnings on February 24, 2025, with a predicted EPS of -$ 0.64, indicating a 1180% decline compared to the same quarter last year [2] - The consensus estimate for revenue is $4.31 billion, reflecting a 15.62% decrease compared to the same quarter of the previous year [2] Analyst Estimates - Recent adjustments to analyst estimates for Cleveland-Cliffs indicate changing near-term business trends, with positive revisions suggesting analyst optimism regarding the company's business and profitability [3] - The Zacks Rank system, which evaluates these estimate changes, currently ranks Cleveland-Cliffs at 5 (Strong Sell), following a 126.95% fall in the Zacks Consensus EPS estimate over the past month [5] Industry Context - Cleveland-Cliffs operates within the Mining - Miscellaneous industry, which is part of the Basic Materials sector, currently holding a Zacks Industry Rank of 173, placing it in the bottom 32% of over 250 industries [6] - The Zacks Industry Rank assesses the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [6]